Bleakley Financial Group LLC Acquires New Position in Cognizant Technology Solutions Corporation $CTSH

Bleakley Financial Group LLC acquired a new stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,557 shares of the information technology service provider’s stock, valued at approximately $708,000.

A number of other large investors have also recently modified their holdings of CTSH. State Street Corp boosted its stake in shares of Cognizant Technology Solutions by 0.6% in the 2nd quarter. State Street Corp now owns 25,381,572 shares of the information technology service provider’s stock valued at $1,980,524,000 after purchasing an additional 157,427 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Cognizant Technology Solutions in the 3rd quarter valued at approximately $4,422,000. Thrivent Financial for Lutherans boosted its position in Cognizant Technology Solutions by 60.9% in the second quarter. Thrivent Financial for Lutherans now owns 39,474 shares of the information technology service provider’s stock valued at $3,079,000 after buying an additional 14,946 shares in the last quarter. Summit Global Investments grew its stake in shares of Cognizant Technology Solutions by 245.1% during the second quarter. Summit Global Investments now owns 35,588 shares of the information technology service provider’s stock worth $2,777,000 after buying an additional 25,276 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 16.5% during the third quarter. Alps Advisors Inc. now owns 306,078 shares of the information technology service provider’s stock worth $20,529,000 after buying an additional 43,252 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CTSH. UBS Group reissued a “neutral” rating and set a $82.00 price objective (up from $78.00) on shares of Cognizant Technology Solutions in a report on Monday, December 8th. Berenberg Bank set a $107.00 price target on Cognizant Technology Solutions and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on Cognizant Technology Solutions from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Cognizant Technology Solutions in a report on Wednesday, January 28th. Finally, TD Cowen reissued a “hold” rating and set a $85.00 target price (up from $84.00) on shares of Cognizant Technology Solutions in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.17.

Cognizant Technology Solutions Stock Up 0.4%

Cognizant Technology Solutions stock opened at $61.33 on Thursday. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.32 and a beta of 0.95. Cognizant Technology Solutions Corporation has a 52-week low of $60.03 and a 52-week high of $87.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a 50 day moving average price of $79.00 and a two-hundred day moving average price of $74.42.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings data on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the prior year, the company posted $1.21 earnings per share. Cognizant Technology Solutions’s revenue for the quarter was up 4.9% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 4.98 EPS for the current year.

Cognizant Technology Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.33 per share. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Cognizant Technology Solutions’s payout ratio is 29.01%.

Insiders Place Their Bets

In other news, CEO Ravi Kumar Singisetti sold 2,950 shares of Cognizant Technology Solutions stock in a transaction on Friday, December 19th. The shares were sold at an average price of $85.06, for a total value of $250,927.00. Following the completion of the sale, the chief executive officer owned 75,209 shares in the company, valued at $6,397,277.54. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO John Sunshin Kim sold 2,500 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the transaction, the chief accounting officer directly owned 36,149 shares in the company, valued at approximately $2,891,920. This represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,434 shares of company stock valued at $2,460,809. Company insiders own 0.32% of the company’s stock.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.